New Gold Inc. (NGD) Rating Lowered to Sell at ValuEngine
New Gold Inc. (ARCA:NGD) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
A number of other equities research analysts have also recently commented on the stock. BidaskClub raised shares of New Gold from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. National Bank Financial reaffirmed an “outperform” rating on shares of New Gold in a report on Sunday, July 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $5.13.
Shares of New Gold (NGD) traded up 0.27% during trading on Thursday, hitting $3.69. The stock had a trading volume of 3,044,083 shares. The company’s 50 day moving average price is $3.63 and its 200 day moving average price is $3.15. New Gold has a 52 week low of $2.39 and a 52 week high of $4.99. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 38.04 and a beta of 0.19.
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About New Gold
New Gold Inc is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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